The import of rowing boats, canoes, and other pleasure boats (excluding sailboats) to Thailand has shown significant fluctuations in the past years with values standing at 95.99 thousand in 2023. From 2013 to 2015, imports declined steeply before a sharp rise in 2017. Subsequent years saw variability with notable increases in 2019 and 2021.
In recent years, the growth has stabilized slightly, with a year-on-year change of 2.46% in 2023, and a consistent upward trend forecasted from 2024 onwards. The five-year CAGR leading to 2023 stood at 8.25%, indicating positive momentum. Forecasts suggest a steadier increase, with a predicted CAGR of 1.86% over the next five years leading to a growth rate of 9.66% by 2028.
Future trends to watch for include potential impacts of economic conditions, consumer preferences for leisure activities, advancements in boat technology, and regulatory changes affecting imports. These factors could significantly influence the market dynamics and should be closely monitored.
